Top 10 Petrochemical Companies in India

India needs energy to grow its economy. And the main source of energy is fossil fuel like petrol, diesel, gas etc.

Do you know that more than 70% of oil consumed in India is exported? Yes, we produce only less than 30% of oil for are daily needs, rest of it comes from foreign countries like Iran, Saudi Arabia and other gulf countries.

However, we don’t export petrol or diesel, we import crude oil, from which we get petro, diesel and gas. So who are those people processes this crude oil into petrol or diesel.

Well! This is done by petrochemical companies operating in India. These companies are responsible for producing oil from crude form of it.

Petrochemical Companies

Therefore we wrote this article to tell you about top 10 petrochemical companies operating in India.

Ranking System: We have ranked companies on the basis of their revenue and popularity, operations, employees etc.

So here is the list.

1. Reliance Industries Limited – Reliance Petroleum

  • Established Year: Company was founded in year 2008 and the Mukesh Ambani is the chairman of the company. Now it is amalgamated with Reliance Industries.
  • Revenue: $600 Million to $800 Million
  • Core Business: Petroleum and Gas
  • Operations: Its Jamnagar refinery complex with refining capacity of 1,240,000 barrels per day which is 65 million tons per year
  • Corporate Office: Ahmadabad, India
  • Employees: 20,000 to 25,000
  • Website: www.reliancepetroleum.com

2. Indian Oil Corporation

  • Established Year: It is government owned company founded in year 1964, the company was ranked 88 in fortune Global 500 list .
  • Revenue: $76 Billion and Operating income is $4 Billion
  • Core Business: Oil and Gas with products like fuels, lubricants, petrochemicals etc
  • Operations: It has refineries across the country like in Assam, Bihar, Gujarat, West Bengal etc
  • Corporate Office: New Delhi, India
  • Employees: 36,000 to 40,000
  • Website:www.iocl.com

3. Haldia Petrochemicals Limited

  • Established Year: Haldia Petrochemicals was formed in year 1994 and the company is owned by Government of West Bengal.
  • Revenue: $1 Billion to $2 Billion
  • Core Business: Polymers and Chemicals
  • Operations: The commercial production started in year 2001 and one of the largest petrochemicals in India with total capacity of 700,000 TPA of ethylene.
  • Corporate Office: Kolkata, West Bengal
  • Employees: 25,000 to 30,000
  • Website: www.haldiapetrochemicals.com

4. Finolex Ind

  • Established Year: Finolex group a private sector company founded in year 1958
  • Revenue: $880 Million to $1 Billion
  • Core Business: PVC Pipes and Fittings, Chemicals etc
  • Operations: It has 5 companies total and 11 state of the art manufacturing facilities
  • Corporate Office: Pune, Maharashtra, India
  • Employees: 9000 to 10,000
  • Website: www.finolex.com

5. Gas Authority of India Limited or GAIL

  • Established Year: GAIL is a state owned company founded in year 1984
  • Revenue: $7.9 Billion to $8 Billion
  • Core Business: Natural Gas, Petrochemical, Liquid Hydrocarbons, Liquefied Petroleum Gas Transmission, City Gas Distribution
  • Operations: GAIL has a pipeline covering around 11,000 Km.
  • Corporate Office: New Delhi, India
  • Employees: 4000 to 5000
  • Website:www.gailonline.com

6. National Organic Chemical Industry Limited

  • Established Year: NOCIL is part of AMG and it started first commercial production in year 1975 and it is an ISO certified company
  • Revenue: Rs 500 Crore to Rs 600 Crore
  • Core Business: Rubber Chemicals
  • Operations: All its facilities are of start of art manufacturing technology.
  • Corporate Office: Mumbai, India
  • Employees: 2000 to 3000
  • Website:www.nocil.com

7. DCW

  • Established Year: DCW was incorporated in the year 1939 under Sahu Prasad Jain.
  • Revenue: Market Cap of Rs 300 Crore to Rs 400 Crore
  • Core Business: Products like Caustic Soda, Liquid Chlorine, PVC, HCL, Soda Ash etc
  • Operations: DCW has two manufacturing units in Gujarat
  • Corporate Office: Gujarat, India
  • Employees: 2000 to 2500
  • Website: www.dcwltd.com

8. Bongaigaon Refinery and Petrochemical Limited

  • Established Year: Bongaigaon Refinery and Petrochemical Limited is a state owned company incorporated in year 1974
  • Revenue: Rs 5000 Crore to Rs 6000 Crore
  • Core Business: Petroleum, Natural Gas, Petrochemicals
  • Operations: The company is spread all over India with 12 to 15 branches
  • Corporate Office: Assam, India
  • Employees: 2000 to 3000
  • Website: www.brplindia.com

9. Manali Petrochemical Limited

  • Established Year: Manali Petrochemicals was incorporated in year 1986.
  • Revenue: Market Capitalization of over Rs 150 Crore
  • Core Business: Chemicals like Propylene Glycol, Propylene Glycol and Polyols, intermediates with applications across a spectrum of industries including those of Pharmaceuticals, Polyurethane, Resin, Fragrances
  • Operations: Manali Petrochemical annually produces 27000 metric tonnes of propylene oxide, 14,000 metric tonnes of propylene glycol
  • Corporate Office: Chennai, India
  • Employees: 1000 to 1500
  • Website: www.manalipetro.com

10. IG Petrochemicals Limited

  • Established Year: IG Petrochemicals Limited was established in year 1988
  • Revenue: $200 Million and Net Profit of Rs 30 Million
  • Core Business: Main Product is Phythalic Anhydride
  • Operations: Manufacturing plant in Taloja
  • Corporate Office: Goa and Mumbai, India
  • Employees: 1500 to 2000
  • Website: www.igpetro.com

So these were list of top 10 petrochemical companies operating in India. For more information about these companies and career opportunities you can visit their website.

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Pritam Nagrale
 

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